Millions of Americans 'likely' to get another round of stimulus checks in revised budget proposal this year - Market News
Home » Millions of Americans ‘likely’ to get another round of stimulus checks in revised budget proposal this year
Stimulus Check

Millions of Americans ‘likely’ to get another round of stimulus checks in revised budget proposal this year

Millions of Americans 'likely' to get another round of stimulus checks in revised budget proposal this year

CALIFORNIRS could get another round of stimulus checks following a budget proposal in the state.

This is from Governor Gavin Newsom, which revealed what would be a record $286.4 billion budget for 2022/23.

1

California Governor Gavin Newsom plans to update the May budget with tax cuts

also the California Governor revealed that the state has a surplus of more than $45.7 billion, that is significantly higher than the $31 billion the state had estimated end of 2021.

Under the proposal, Mr Newsom aims to provide funding for a variety of areas, including climate change, homelessness, cost of living, health care and education.

Mr Newsom also indicated that there may be another round of stimulus checks even though tax credits were not included in his original proposal.

“We expect in the language of the May revision, when I update the budget, that we will probably get an additional discount for taxpayers,” he said on Wednesday.

And he added that there will be “no new taxes in our budget”.

In 2021, California launched two stimulus programs, which returned a total of $12 billion to state taxpayers.

Mr. Newsom said in November, “How we shaped that historic surplus last year, that’s how we will shape our approach this year.”

Among the latter known as s Golden State Stimulus II initiative, eligible residents will receive payments worth between $600 and $1,100.

Californians must earn less than $75,000 a year and have generally filed 2020 taxes before October 15, 2021.

Earlier this week, California completed sending its latest batch of payments on behalf of Postal Code under the latest incentive program.

However, we reported on Thursday that California will be send up to 100,000 additional payments in the following month.

How many will be sent will depend on a group that does not have one, but has applied for an Individual Taxpayer Identification Number before the October 15 deadline.

That group must file their state return by February 12 to qualify for a GSS check.

According to the Public Affairs Office, the state has made more than 8.2 million GSS II payments worth more than $5.9 billion.

To learn more about stimulus, we list three scenarios when you: could get a fourth federal round of payments in 2022.

View the 12 states and cities offering universal basic income.

Plus, payments worth up to $5,000 can be claimed this month.

Millions of California residents line up for more $1,400 stimulus checks after $45.7 billion budget surplus

We pay for your stories!

Do you have a story for the US Sun team?


About the author

Anna Wintour

Add Comment

Click here to post a comment